Equinix (EQIX) Free Cash Flow (2009 - 2026)
Equinix's (EQIX) quarterly Free Cash Flow came in at -$539.0 million in Q1 2026, down 168.06% year-on-year from $792.0 million in Q1 2025, and down 117.82% quarter-over-quarter from $3.0 billion in Q4 2025.
Equinix (EQIX) Free Cash Flow (2009 - 2026) Analysis & Trends
Equinix's Free Cash Flow history runs 18 years deep, the most recent figure standing at -$539.0 million for Q1 2026.
- On a quarterly basis, Free Cash Flow fell 168.06% year-over-year to -$539.0 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 49.22% decrease from a year earlier, with the FY2025 full-year figure at $2.9 billion, changed 0.17% from the prior year.
- Free Cash Flow fell to -$539.0 million in Q1 2026 per EQIX's latest filing, from $3.0 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $3.0 billion in Q4 2025 and bottomed at -$1.8 billion in Q3 2025.
- The 5-year median for Free Cash Flow is $672.0 million (2023), against an average of $637.5 million.
- Across the five-year window, Free Cash Flow jumped 288.63% in 2023 and slumped 277.98% in 2024, its largest moves.
- Year by year, Free Cash Flow stood at $2.0 billion in 2022, then sank by 60.86% to $768.0 million in 2023, then surged by 254.56% to $2.7 billion in 2024, then gained by 11.09% to $3.0 billion in 2025, then sank by 117.82% to -$539.0 million in 2026.
- Per Business Quant, the three latest EQIX Free Cash Flow figures stand at -$539.0 million (Q1 2026), $3.0 billion (Q4 2025), and -$1.8 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | -539.00 Mn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 1.29 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | -337.62 Mn |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 36.65 Mn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 452.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 206.69 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 29.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 114.25 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 158.75 Mn |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn | 30.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -539.00 Mn |
| Mar 31, 2026 | -539.00 Mn |
| Dec 31, 2025 | 3.03 Bn |
| Dec 31, 2025 | 3.03 Bn |
| Sep 30, 2025 | -1.76 Bn |
| Sep 30, 2025 | -1.76 Bn |
| Jun 30, 2025 | 862.00 Mn |
| Jun 30, 2025 | 862.00 Mn |
| Mar 31, 2025 | 792.00 Mn |
| Mar 31, 2025 | 792.00 Mn |
| Dec 31, 2024 | 2.72 Bn |
| Dec 31, 2024 | 2.72 Bn |
| Sep 30, 2024 | -1.20 Bn |
| Sep 30, 2024 | -1.20 Bn |
| Jun 30, 2024 | 804.00 Mn |
| Jun 30, 2024 | 804.00 Mn |
| Mar 31, 2024 | 581.00 Mn |
| Mar 31, 2024 | 581.00 Mn |
| Dec 31, 2023 | 768.00 Mn |
| Dec 31, 2023 | 768.00 Mn |